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Michelle Ruffle

Wolfram Alpha - 1 views

shared by Michelle Ruffle on 13 May 10 - Cached
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    I am not sure if this has been mentioned before, but Wolfram Alpha is a great website for finding economic and other data. Wonderful charts and diagrams that aggregate information, compare and contrast, etc. It is really worth a look.
Aaron Palm

Draw Anywhere - easy online diagramming, flow chart - 5 views

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    draw anywhere online diagrams
Jason Welker

Cutthroat Capitalism: The Game - 8 views

  • ou are a pirate commander staked with $50,000 from local tribal leaders and other investors. Your job is to guide your pirate crew through raids in and around the Gulf of Aden, attack and capture a ship, and successfully negotiate a ransom.
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    You are a pirate commander staked with $50,000 from local tribal leaders and other investors. Your job is to guide your pirate crew through raids in and around the Gulf of Aden, attack and capture a ship, and successfully negotiate a ransom. Read More http://www.wired.com/special_multimedia/2009/cutthroatCapitalismTheGame#close=1#ixzz0kUiJh4q1
Aaron Palm

Businesses scared off by California go global - Sacramento Business, Housing Market New... - 0 views

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    Entrepreuneur moving business out of CA to China over gov regulation
Aaron Palm

BREAKING: Comprehensive List of Net Tax Hikes in Health Reconciliation Bill - 0 views

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    All of the tax hikes as a result of the health care reform of 2010
Bret Willhoit

Google - public data - 8 views

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    Uses econ data (among others) to show how different regions of the world have changed over time. Uses Gapminder technology to set graphs and charts in motion.
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    This is great. I'm glad Google is putting some effort into developing the Gapminder software. The OECD Quality of Life indicators look like a great way to dive in Macroeconomic indicators.
Bret Willhoit

Obama's 2011 Budget Proposal: How It's Spent - Interactive Graphic - NYTimes.com - 9 views

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    Interactive graphic that can be used to have students try to trim the budget just like they are discussing in real-life. Also interesting to see what areas are being cut and what areas are being added to.
Tim Woods

Tim Woods' IB Economics Site - 7 views

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    This is my own site that I've made for my students. It contains links to good resources (videos, flash lessons, etc.) that they can use to supplement their in-class learning and the homework I give them. The resources are all student-friendly and grouped according to the IB units.
Bret Willhoit

PBS Teachers | Access, Analyze, Act: From Economic Theory to Financial Reality - 9 views

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    Great group of lesson plans, resources, and even widgets for a blog/wiki.
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    FYI---Link appears to be broken...:(
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    This is the working link - http://www.pbs.org/teachers/access-analyze-act-economy/ I don't know what happened the first time around. Thanks for letting me know Gene
gene hayward

Interactive Unemployment Graph.... - 10 views

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    Shows in real time the change in unemployment across the country since the start of the recession. Also a neat addition---you can select up to 5 states and compare the changes in unemployment on a line graph next to the interactive graph...
gene hayward

Graphic on change in Market Capitalization of major companies in last 10 years.. - 2 views

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    Graphic on change in Market Capitalization of major companies in last 10 years AND where those companies are located...nice illustration of "Creative Destruction"...
Jason Welker

China's currency: A yuan-sided argument | The Economist - 4 views

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    Pressure is on China to revalue the RMB, but it's unlikely to happen anytime soon. Why? Read to find out...
gene hayward

Unemployment in Motion... - 5 views

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    NICE Adobe Flash graph showing the change in Unemployment county by county for the last two years...EYE OPENING for students...
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    This is an excellent graphic, I showed it to my AP Macro students. They can't exactly explain it yet, but it certainly had a powerful impact. Will use it again later in the year for sure.
Jason Welker

CARPE DIEM: U.S. Share of World GDP Remarkably Constant - 5 views

  • The chart above shows the annual shares of real world GDP for four geographical regions (European Union 15, Asia/Oceania, Latin America and the combined share of Africa and the Middle East) compared to the U.S. share of world GDP between 1969 and 2009 (data here). What might be surprising is that the U.S. share of world GDP has been relatively constant for the last 40 years, and is actually slightly higher in 2009 (26.7%) that it was in 1975 (26.3%). It's also interesting that the EU15's share of world GDP has declined from about 36% of world output in 1969 to only 27% in 2009. Further, despite having a large share of the world's oil reserves, the Middle East's share of global output has increased from only 2.23% in 1969 to 3.16% in 2009 (graph shows Middle East combined with Africa).
  • Bottom Line: World GDP (real) doubled between 1969 and 1990, and has increased by another 60% since then, so that world output in 2009 is more than three times greater than in 1969. We might mistakenly assume that the significant economic growth over the last 40 years in China, India and Brazil has somehow come "at the expense of economic growth in the U.S." (based on the "fixed pie fallacy") but the data suggest otherwise. Because of advances in technology, innovation, and significant improvements in U.S. productivity, America's share of total world output has remained remarkably constant at a little more than 25%, despite the significant increases in output around the world, especially in Asia.
    • Jason Welker
       
      A good conversation starter for an AP Macro class!
  • Somewhat surprisingly, the Economic Research Service of the U.S. Department of Agriculture has some great international historical macroeconomic datasets. According to its website:
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    I find it amazing (and troubling) that Latin America and Africa have made no appreciable gains in 40 years. They are rich in human capital and other productive resources....as a side note, I noticed in one of the comments on the blog you found this graphic there was some conversation about the CPI and that it was reconfigured in the 1990's(?) and that with the new method inflation is underestimated, therefore RGDP must be overstated...I have to admit ignorance on this issue...Are you familiar with it? Any commments as to the validity of the underestimation of inflation? Thanks!!
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    Gene, I'm not sure we should be so troubled by the flat trend lines for Latin America and Africa. Keep in mind, this is not GDP, this is share of world's GDP. Unlike total output, which is NOT a zero sum concept, share of total output IS a zero-sum concept. A gain made by one part of the world is only possible by a loss made in another part of the world. The decline of the EU 15's share of world GDP does not mean that the EU 15 experienced a decline in output. In fact, the EU 15 have grown steadily over the last 40 years. Their downward sloping curve indicates that they have grown more slowly than the rest of the world, that's all. So the flat lines for Africa and Latin America in fact indicate that those two regions have grown more rapidly than Europe. Although it doesn't look like it on this graph, the "poor south" is actually catching up with the "rich north" as average growth in Europe lags behind that in the south. It's a bit misleading to interpret the graph in this way, but the gains in Asia have in a way come at the expense of gains in Europe, but only in that they now have a larger share of a MUCH larger pie! All regions have grown, and Latin America and Africa have grown AS quickly as the US, and MORE quickly than Europe. Good news!
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    Thanks for the reply and the analysis...I did not occur to me to think of it in those terms...I am better off for asking the question!!! :)
ksajdak

How the Government Dealt With Past Recessions - Interactive Feature - NYTimes.com - 8 views

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    Economists discuss recent recessons
gene hayward

Indego Africa - Indego Africa - 2 views

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    Indego Africa Project is a non-profit dedicated to alleviating poverty in Africa through training and sustainable skills-building. This organization is a "pet project" for me. Indegoafrica puts into action most of the market principles I believe in to help a co-op of women in Rwanda make and sell handmade crafts in the US. Please consider going to the site and making a purchase if you so desire. I make nothing from this. Much info is availabel at the site and they have to be the MOST transparent non-profit on the planet (check out quantity of disclose on the site)...THANKS!!
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